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- 1. Multiple Choice
You are reviewing the efficiency of your two warehouse staff, Bill and Ben, who pack boxes. Bill packs 60% of the boxes. What is the ratio of the number of boxes Ben has packed to the number Bill has packed?
1 : 6
2 :5
3 : 5
2 : 3
- 2. Multiple Choice
You are the management accountant for a contract based in Bahrain. You have to pay a local subcontractor 250,000 Bahraini Dinars (BHD). At a rate of 1BHD = £1.60, how much will this cost you in £?
£400,000
£156,250
£150,750
£145,607
- 3. Multiple Choice
Duncan, Gordon and Iain are in a partnership and agree to share their partnership profits in a ratio of 5:4:3 respectively. If this partnership makes a profit of £72,000 in 2020, how much profit will Gordon receive in 2020?
£24,000
£28,800
£30,000
£35,000
- 4. Multiple Choice
You work in the finance department of an oil services company and have been asked to organise a payment to an American supplier for $57,860. At a rate of £1 = $1.48, how much will this cost in £s?
£85,633
£82,505
£42,075
£39,095
- 5. Multiple Choice
You are the sales manager for an electrical company. You sell TVs at 20% above the wholesale cost of £200. The store gives employees a 10% discount on the retail price. How much do you charge an employee for a TV?
£198
£216
£220
£230
- 6. Multiple Choice
You are attending a board meeting to appoint your auditors. At least 2/3 of the 40 members must vote in favour for it to go ahead. What is the greatest number of members who could vote against the appointment of a specific auditor and for them to still be appointed?
12
13
14
15
- 7. Multiple Choice
A company has the following shares in issue:
10,000,000 ordinary ‘A’ shares
6,000,000 ordinary ‘B’ shares
A significant shareholder holds 2/5 of the ‘A’ shares and 4/6 of the ‘B’ shares. How much, as a percentage, does this shareholder hold of the total shares in issue?
25%
33%
50%
54%
- 8. Multiple Choice
You are deciding on which special offers to implement in your stores. You normally sell scooters for £40 each but these are currently on offer as two scooters for £75. What % reduction does this represent in the price of two scooters?
2.5%
6.25%
6.67%
8%
- 9. Multiple Choice
You are working as a manager for an agriculture company which owns two plots. 200 seeds were planted in plot 1 and 300 seeds in plot 2. 57% of the plot 1 seeds germinated and 42% of plot 2 seeds germinated. What % of the total seeds planted germinated?
45.5%
46.5%
48%
49.5%
- 10. Multiple Choice
On 31/12/20 your company share price was 108p. This is 40% lower than a year earlier. What was the share price on 31/12/19?
196.4p
151.2p
165.7p
180.0p
- 11. Multiple Choice
A fire at your head office has destroyed many of the accounting records. You know that your sales for the year were £825,000 and that this represented a 25% markup from the Cost of Sales. What will the Cost of Sales figure be?
£660,000
£689,000
£618,750
£206,250
- 12. Multiple Choice
You are setting up a major contract with a key customer. The total Cost of Sales on the contract has been estimated as £325,000. Company policy is to achieve a margin of 20% on all sales (ie the Cost of Sales represents 80% of the sales price). What will be the sales price you will have to agree with the customer in order to meet this?
£450,000
£406,250
£390,000
£81,250
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